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Peugeot-Citroen signs £1.3bn rescue deal

French car manufacturing giant PSA Peugeot-Citroen has signed a £1.32 billion deal with Chinese carmaker Dongfeng Motors and the French government to secure its future. The far-eastern firm and the French government will each invest €800 million (around £660 million). Both organisations will receive a 14% stake in the business.

New Jeep Grand Cherokee S-Limited launches

Jeep has revealed a limited edition Grand Cherokee with the looks of the SRT8 but without the price or outright power – the new Jeep Grand Cherokee S-Limited. Reports of the death of the SUV have been greatly exaggerated in recent years, and the whole SUV sector – from compact to full size – still holds a lot of appeal for buyers. And when it comes to full size SUVs few do it any better than Jeep – certainly as far as off-road experience goes – even if previous versions of their full size Grand Cherokee have been a bit below European standards in terms of materials and on-road ability.

Mercedes CLA: Official

The new Mercedes CLA – the ‘baby’ CLS based on the new A Class – has finally been revealed ahead of going on sale in the UK in May 2013. The very stylish four-door coupe styling based on the new Mercedes A Class has survived almost intact from the Style Concept, offering buyers looking for a smaller Mercedes a real alternative to the CLS without sacrificing anything other than a size. Despite being revealed on the eve of the Detroit Auto Show, the new Mercedes CLA will actually make its public debut at the Berlin Fashion Week this week as Mercedes seek to mark the CLA’s design out as a ‘Style Rebel’.